Canadians are more excited at the thought of cheap credit than actually getting it. Statistics Canada (Stat Can) data shows household credit grew in August—though at a slower rate than the month before. The mild acceleration in borrowing ahead of rate cuts reversed once the actual cuts were made. It potentially serves as a red […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto & Vancouver Are Now The Weakest Real Estate Markets In Canada Toronto and Vancouver are traditionally Canada’s hottest real estate markets, leading the trend. If that still holds true, it might be a problem in the coming months. Experts believed the […]
Canadian real estate seems boring these days, but dramatic demand shifts are occurring. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell in September. At the national level, the drop was only slight but the composition shift was very unexpected. Booming cities like Calgary are now seeing the demand […]
Canadian inflation is being tamed rapidly, sparking fears that the economy will cool and require stimulus soon. Statistics Canada (Stat Can) data shows the Consumer Price Index (CPI) annual growth fell sharply in September. The slowdown was primarily the result of gasoline, with inflation showing little progress when excluded. However, experts still see this clearing […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Needs To Prepare For Bank Runs & Collapses, Warns Former Regulator Canadian banks are world-renowned for their stability. The last bank failure hasn’t occurred since 1996, meaning a whole generation hasn’t seen one. That’s exactly why they should be preparing for […]
Canadian banks have been considered mostly risk-free for a long time, but every streak ends. A former Canadian banking regulator urges the country’s policymakers to prepare for that day while it still can. In a new report from CD Howe, a former OSFI manager urges the country to modernize its banking crisis response and adopt […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Just Saw 1 In 20 Businesses Close In A Month, Biggest Wave Since Pandemic Canadian small businesses are struggling to stay above water these days. Roughly 1 in 20 businesses shuttered their doors in June, the largest wave since the pandemic. […]
Over just a few months, Canada went from fears of overleveraged borrowers to trying to stimulate borrowing. That was the take from BMO Capital Markets, who took a look at the slower-than-normal growth for mortgage debt. In a report sent to investors, the bank’s chief economist explains they expect healthier levels of borrowing by next […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate US Border Stopped 1,200 Terror Suspects From Canada, Urges Tighter Immigration Evidence that Canada’s breakneck population growth is unsustainable is starting to pile up. The latest blow comes from US border data that shows a surge of terror suspects attempting to cross […]
Nova Scotia is the latest province to wage war on remote work as governments try to anchor people to big cities. The Government of Nova Scotia (GNS) has ordered thousands of its non-union staff to work out of the office full-time starting next month, even those who haven’t since 2015. The move follows corporate and […]
